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Companies / Energy / Kodiak Gas Services, Inc.
KGS

Kodiak Gas Services, Inc.

EnergyElectric, Gas & Water
Ticker KGSTHE WOODLANDS, TXFiscal year ends DecemberBook value per share $23.44Diluted shares 92.2M

Kodiak Gas Services (NYSE: KGS) provides and operates natural gas compression infrastructure for upstream and midstream customers in U.S. production regions. Its services support the production, gathering, processing and transportation of natural gas and oil, primarily through large-horsepower compression units… From the company’s description.

In fiscal 2025, Kodiak Gas Services, Inc. reported revenue of $1.31B, up 12.8% from fiscal 2024, and net income of $81.59M. Its operating margin was 26.0%, and operations generated $599.74M in cash. Over the twelve months to Jun 30, 2026, revenue was $1.39B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$1.31BFY2025
+12.8% year over year
Last 12 mo $1.39B
25.99%FY2025
+4.5 percentage points
Last 12 mo 27.44%
$81.59MFY2025
+62.1% year over year
Last 12 mo $80.57M
7.08%FY2025
+2.9 percentage points
Last 12 mo 3.72%
Cash & financing
$599.74MFY2025
+82.9% year over year
Last 12 mo $478.89M
$284.27MFY2025
+3269.5% year over year
Last 12 mo $5.01M
2.13FY2025
Was 1.90× a year earlier
Last 12 mo 1.28
88.5MFY2025
+3.9% year over year
Last 12 mo 92.2M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Kodiak Gas Services, Inc. does

In the company’s own words

Kodiak Gas Services (NYSE: KGS) provides and operates natural gas compression infrastructure for upstream and midstream customers in U.S. production regions. Its services support the production, gathering, processing and transportation of natural gas and oil, primarily through large-horsepower compression units operated under fixed-fee contracts. The company also provides station construction, maintenance and overhaul of customer-owned equipment, parts sales, and other ancillary services. Kodiak reports two segments: Contract Services, which includes operating company- and customer-owned compression, gas treating and cooling infrastructure, and Other Services, which includes construction, maintenance and related offerings. As of December 31, 2025, its fleet comprised approximately 4.5 million horsepower across 4,736 units, with about 80% of horsepower classified as large horsepower; approximately 82.8% of its compression assets were deployed in the Permian Basin and Eagle Ford Shale. Kodiak completed its initial public offering in 2023 and acquired CSI Compressco in 2024. Its website is www.kodiakgas.com.

Company details
Sector
Energy
Industry (SIC)
Electric, Gas & Water
Headquarters
THE WOODLANDS, TX
Fiscal year end
December
CIK
1767042
SIC
4922

Financial performance, year by year

Fiscal 2023–2025 · USD
$-139.25M$278.50M$696.25M$1.11B$1.53B202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Kodiak Gas Services, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

429
funds hold it
1 of 35
superinvestors hold it
$4.04B
held by funds, at market
55.7%
of shares held by funds
3
bond issues held by funds

Superinvestors in Kodiak Gas Services, Inc. · what they did last quarter

Stephen MandelNEW
Lone Pine Capital
0.4%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Kodiak Gas Services, Inc.’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.40%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.23%of fund net assets
Invesco SteelPath MLP Income Fund
MLPRX · AIM Investment Funds (Invesco Investment Funds)
3.55%of fund net assets
Avantis U.S. Small Cap Value ETF
AVUV · American Century ETF Trust
0.56%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Kodiak Gas Services, Inc.’s bonds, as funds hold them

Funds report holding 3 issues of Kodiak Gas Services, Inc.’s debt, $777.56M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 6.29%, maturing 2031 to 2035.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Kodiak Gas Services, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Kodiak Gas Services, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Kodiak Gas Services, Inc.'s last four quarterly filings that the numbers alone won't show?”
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